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Filing year 2024

MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION

Brandenburg, Kentucky·EIN 61-0277343·501(c)(12)
Total revenue
$86.6M
Total assets
$114.2M
Total expenses
$86.6M
Reported officers
14
Mission

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 31,485 CONSUMERS MONTHLY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$421k
$447k
Base
$360k
Bonus
Other
Benefits
$61k
CFO
75th to 90th percentile
$216k
$229k
Base
$181k
Bonus
Other
Benefits
$35k
VP of Engineering
Board Vice President
Median to 75th percentile
$210k
$223k
Base
$147k
Bonus
Other
Benefits
$63k
VP Corporate Compliance
Board Vice President
Median to 75th percentile
$170k
$180k
Base
$145k
Bonus
Other
Benefits
$25k
Journeyman Lineman
Highest Compensated Employee
25th percentile to median
$153k
$162k
Base
$133k
Bonus
Other
Benefits
$20k
Foreman Lineman
Highest Compensated Employee
25th percentile to median
$147k
$156k
Director of Operations
Median to 75th percentile
$144k
$153k
Secretary/treasurer
Officer (Unspecified)
$20k
$21k
Director
Board Member
25th percentile to median
$12k
$12k
Director
Board Member
25th percentile to median
$12k
$12k
Director
Board Member
25th percentile to median
$11k
$12k
Vice Chairman
Board Vice Chair
25th percentile to median
$11k
$11k
Chairman
Board Chair
25th percentile to median
$9k
$10k
Director
Board Member
25th percentile to median
$9k
$10k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 5%
from 2023

From $402k in 2023 to $421k in 2024.

$402k
2023
$421k
2024
In today's dollarsEst.
Up 2% in real terms$439k to $447k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue rose 16%.

$402k in 2023 to $421k in 2024.
  • Chief Financial Officer pay rose 7% from 2023 to 2024.
  • Board Vice President pay rose 9% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$74.6M
$74.6M
2023
$86.6M
$86.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION

What does the Chief Executive Officer of MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION earn?

In 2024, the Chief Executive Officer of MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION received $421,311 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION falls in the top 10%.

What are MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION's revenue and expenses?

In 2024, MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION reported $86.6M in total revenue and $86.6M in total expenses on its IRS Form 990.

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